Property Taxes in Florida, What you need to know when buying!

Unlocking the Sunshine State: Navigating Property Taxes in Lee County, FL ☀️🏡

Hey there, future homeowners! 🌟 If you're considering a move to Lee County, Florida, you've probably already fallen in love with the beautiful beaches, warm weather, and amazing communities. I'm here to guide you through an important aspect of home buying that sometimes gets overlooked: property taxes.

🏠 Tax Re-assessment Rollercoaster: What You Need to Know

One of the unique aspects of property taxes in Lee County is that they are re-assessed after the purchase of a home. So, while you may have crunched the numbers before making an offer, it's crucial to be aware that your property taxes could change post-purchase. The reassessment is based on the new purchase price of the home.

🔍 Where to Find Estimates? Look No Further Than Leepa.org

Curious about what your new property taxes might look like? The Lee County Property Appraiser's website, www.leepa.org, is your go-to resource for estimating property taxes. Their user-friendly interface allows you to search for your property and access valuable information, including the current assessment and tax estimates based on the purchase price.

💡 Pro Tip: Verify Homestead Exemptions

Florida is known for its Homestead Exemption, a property tax reduction for homeowners who make their property their permanent residence. However, it's crucial to verify your eligibility and apply for the exemption to maximize your savings. You can find more details on the leepa.org website or consult with your real estate agent.

📊 Understanding Florida Taxes: What Every Buyer Should Know

When diving into the Florida real estate market, it's essential to be well-versed in the state's tax landscape. Here are some key points to keep in mind:

1. No State Income Tax: Florida is one of the few states with no personal income tax, making it an attractive option for many buyers.

2. Save with Homestead Exemption: As mentioned earlier, Florida offers a Homestead Exemption, providing a reduction in property taxes for primary residence owners.

3. Save on Portability: If you're moving within Florida, you may be able to transfer your accumulated Homestead Exemption benefits, known as "portability," to your new property.

4. Tax Benefits for Seniors: Florida offers additional property tax benefits for seniors, including the Senior Homestead Exemption and additional deductions for low-income seniors.

🚀 Launching Your Homeownership Journey

Navigating property taxes is a crucial step in your homeownership journey. Understanding the reassessment process, exploring potential tax savings through exemptions, and utilizing resources like leepa.org will empower you to make informed decisions.

Feel free to reach out with any questions or share your experiences. Let's make your dream home in Lee County a reality! 🏡✨

#Joshbohling #LeeCounty #Fortmyers #CapeCoral #FortMyersBeach #Sanibel